AMU.ASX: American Uranium Launches Entitlement Offer to Raise $2.58M

American Uranium Launches Entitlement Offer to Raise $2.58M

Stock	AMU.ASX (AMU.ASX)
Release Time	17 Apr 2026, 8:27 a.m.
Price Sensitive	Yes

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American Uranium Launches $2.58M Entitlement Offer

Key Points

1-for-6 pro rata non-renounceable rights issue to raise up to $2.58m
1-for-2 free attaching options at $0.16 expiring June 2029
Offer price of $0.12 per share, 3.1% discount to 30-day VWAP

Full Summary

American Uranium Limited (ASX:AMU) has announced a proposed pro rata non-renounceable rights issue offer (Entitlement Offer) of new fully paid ordinary shares in the Company (New Shares) at an issue price of $0.12 per New Share to raise up to approximately $2.58 million (before costs). Eligible Shareholders will be able to subscribe for one (1) New Share for every six (6) existing Shares held at the Record Date. A 1-for-2 free attaching option exercisable at $0.16 expiring 30 June 2029 will also be issued to Entitlement Offer participants. The offer price of $0.12 per New Share represents a 3.1% discount to the 30-day volume-weighted average price of Shares prior to the announcement. Proceeds from the offer will be used to fund permitted infill and expansion drilling, hydrogeological and metallurgical programs at the Lo Herma ISR Uranium Project ahead of the planned Q3 2026 Scoping Study.